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Basic IRR rule |
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Basic IRR ruleAccept the project if IRR is higher than the discount rate; reject the project if it is lower than the discount rate. It is wise to also consider net present value for project evaluation.Basic IRR rule Similar MatchesBasic balanceBasic balanceOne of the more frequently used measures of the balance of payments surplus or deficit under pegged exchange rates, the basic balance was equal to the current account balance plus the balance of long-term capital flows. Basic business strategiesBasic business strategiesKey strategies a firm intends to pursue in carrying out its business plan. Basic rate taxBasic rate taxThe main rate of income tax in the UK, which for the year 2003-2004 is 22%. The rate is applied to each individual's Taxable Income which is calculated as:Income - Reliefs - AllowancesThe basic rate is only applied to the income between £1,961 and £30,500, as the following table illustrates.£1-£1,960: tax rate is 10% (starting rate) - tax on band is £196£1,961-£30,500: tax rate is 22% (basic rate) - tax on band is £6,278.58Over £30,500: tax rate is 40% (higher rate) Basic balanceBasic balanceIn a balance of payments, the basic balance is the net balance of the combination of the current account and the capital account. National Insurance (NI) Basic PensionNational Insurance (NI) Basic PensionThe basic state pension funded by a person's National Insurance Contributions over his working life and part of the National Insurance Pension. The rate at which the basic pension is paid is dependent on the person's National Insurance contributions record over his working life. Further SuggestionsBasic import pricebasic sum assured basic state pension Basic valuation |
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